Knollwood Investment Advisory LLC Invests $312,000 in Celestica, Inc. $CLS

Knollwood Investment Advisory LLC acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the technology company’s stock, valued at approximately $312,000.

A number of other institutional investors also recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in Celestica by 32.8% during the first quarter. Cetera Investment Advisers now owns 34,260 shares of the technology company’s stock valued at $2,702,000 after purchasing an additional 8,457 shares in the last quarter. LPL Financial LLC raised its stake in shares of Celestica by 2.5% in the first quarter. LPL Financial LLC now owns 158,302 shares of the technology company’s stock worth $12,476,000 after buying an additional 3,931 shares during the period. XTX Topco Ltd lifted its position in shares of Celestica by 31.9% during the 1st quarter. XTX Topco Ltd now owns 5,180 shares of the technology company’s stock valued at $408,000 after buying an additional 1,254 shares in the last quarter. US Bancorp DE grew its stake in shares of Celestica by 116.2% during the 1st quarter. US Bancorp DE now owns 5,715 shares of the technology company’s stock valued at $450,000 after acquiring an additional 3,072 shares during the period. Finally, Atria Wealth Solutions Inc. increased its holdings in Celestica by 75.1% in the 1st quarter. Atria Wealth Solutions Inc. now owns 4,075 shares of the technology company’s stock worth $321,000 after acquiring an additional 1,748 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Barclays boosted their target price on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. CIBC lifted their price objective on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $336.13.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the purchase, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Up 4.6%

NYSE:CLS opened at $322.53 on Friday. The company has a market cap of $37.09 billion, a price-to-earnings ratio of 52.36 and a beta of 1.83. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $295.92 and a 200-day simple moving average of $217.14.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the firm posted $1.04 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. Analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.